Binary Trading made simple

unless things went wrong. else should be good to go



Love that spike to 1.7 and off down it go

Thats it for my London Session

2 Win
0 Loss
2 Going to be win *Unless GBP spike up 30-40 pips* in the next 8 minutes, and 38 minutes


I think at least 3 will win, but 4 should be fine.

Going out for a good dinner







Will be back for New York Session. I did the same trade at my spot forex, all position close, nailed some 40 pips profit with 500x leverage

The Rationale behind this binary trade is very simple

Just Support/Resistance

1.7000 is a strong support resistance, the thing is price went up because many "shorter" want to escape from the fall. Then price will eventually went down ( the real path )

Since the BOE votes on QE remain the same, means nothing change. GBP will fall.

Thus I set my binary expiration at different interval after the news, I was waiting for this spike up and went in. 3 positions ( 1 on the news outbraek )

I think all 4 should be fine, I did the same at my Spot Forex and nail a big profit too.


Trading for me in binary and spot is mainly on

Trend Line
Support/Resistance
Waves(HH,HL,LH,LL)

This 3 is good enough to keep you profitable and have a good entries, money making.

Your money management of playing small or what dont affect


Main thing is to get the right entries, because if you win, nothing matters, be it you play big or small.

Its only when 1 lose, and keep extend stop loss, then the lot size is a issue.

1 more waiting for expire . Should be a win to me



London Session

4 Trade

4 Win , 0 Loss.


See you at new york later.

Cheers,
Bun

but in what hours do you work? and in which markets open?

Hi Chaosbun, thread seems really interesting, who do you use as your broker ? I wanted to get into Binary for a while
but when I google brokers reviews they all seem shifty, if you take their bonus its very hard to make a withdraw and
a lot of them a down right rude and its even hard to get the money you deposited back from them.

I agree with this quote. I am outside now. Regard how to choose a reliable broker or not andhow to take advantage of so call bonus yet not stuck in withdrawal i fill you up later
I spend like 1 week and read some binary forum to pick my broker

can you explain the theory in general? thanks

First Entry of NEW york session. GBP/USD long with 10 mins expiration.



I not really confident as the trend is still falling, but the 40 support seems firm.


I am a bit uneasy as FOMC later, we might see some profit taking movement before FOMC which might hurt this position.

Update: Doesnt look good as it seems broken

Chart 2 for further support outlook



I added 1 more position long on 5 minutes expiration after the first one I setup

A Tight Fight. Almost lost but the support holds well.


Here it goes

New York Session

1 Win
0 Loss

New York Session

2 Win
0 Loss



Related chart are at above.

Strategy use : Support (M1)

great!! Can you send me you indicators?thk

What I draw does not need indicator, the support & resistance line.

For my template its Genesis Template by RealJumper with a bit of Xaphod indicators but it just make my chart look nicer than the normal
green candles.

A very risky entry

EUR/JPY short



Base on the very idea of Price at the highest of M1 resistance.

New York Session

3 Win
0 Loss


Strategy use: Resistance (As above)




Listening to this

GU short but doesn't look good as the support hold and reverse.



Going to be my 1st loss for this session.


Also added GJ short



I will limit my loss to the fibo price of 50,61,135

i think you have a very very experienced.

I still learning, currently not sure what to enter also.

4 win 1 loss.

Cover back the 1 loss with a bet of $60.


In total I am just +3 for NY only.

1 more won..



Entry base on down trend line



Ny Session:

5 win
1 loss

I think I will stop playing binary until FOMC. Need some rest tiring day.